US stock futures steady after positive remarks on inflation and strong Tesla performance

From Investing.com: 2024-07-02 19:50:50

U.S. stock index futures held steady after a Tesla rally and positive remarks from Fed Chair Powell. Trading volumes were low ahead of a shortened trading day due to the holiday. Indices saw slight declines, waiting for Fed minutes and nonfarm payroll data.

Wall Street hit record highs following Powell’s comments on inflation progress. Tesla surged over 10% after better-than-expected delivery numbers. Market focus on labor market readings like jobs data Friday.

Paramount Global soared 7% on merger talks with Skydance. First Foundation plummeted 20% after receiving $228 million investment and reported heavy exposure to commercial real estate. Fed to release June meeting minutes for more insights on rate cut prospects.



Read more at Investing.com: US stock futures flat with more Fed signals, labor data on tap By Investing.com